This week saw major developments in AI regulation across Europe, the US, and globally. The EU AI Act is now requiring compliance for general-purpose AI models (GPAI) starting August 2, 2025, with full enforcement by 2026. The UK passed the Data (Use and Access) Act 2025, updating data privacy rules and sparking debates about AI training data. In the US, a proposed 10-year moratorium on state AI regulations was defeated, allowing states like California and New York to continue developing their own AI safeguards. The Trump administration released an AI Action Plan promoting deregulation and 'ideologically neutral' AI systems, alongside executive orders targeting federal AI procurement. Globally, the UN drafted a resolution encouraging countries to adopt AI governance frameworks, while financial institutions are rapidly adopting agentic AI systems.